Thursday, 7 April 2011
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Copper in London, New York May Drop as Gain Seen as Excessive
Copper in London may decline for the first time in three days as some investors deemed the biggest gain in two weeks as excessive amid a lack of signs that Chinese demand is picking up. Three-month copper on the London Metal Exchange was little changed at $9,606 per metric ton at 3:37 p.m. in Singapore after earlier losing as much as 0.4 percent. The metal gained 2.3 percent yesterday, the most
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